Rajesh Agarwal, Head of Research at Eastern Financiers advised holding Infinite Computer Solutions. One should exit it at around Rs 105, he added.
Reliance Industries, DEN Networks | Cipla | Deccan Chronicle | Reliance Communications | Fortis Healthcare | TCS | L&T | ONGC | Bharti Airtel and Infinite Computer are stocks, which are in the news today.
Emkay Global Financial Services expect a an inline Q2 quarter from our Tier I IT services coverage universe with marginal cross currency gains (20-30 bps QoQ benefit) driving a 2.2-4.1% QoQ US$ revenue growth with Wipro at the lower end (+2.2% QoQ) and TCS (+4.1% QoQ) at the upper end.
Emkay Global Financial Services has come with its earning estimates on IT sector for June quarter. The research firm expect a subdued quarter from our Tier I IT services coverage universe with cross currency moves (100-150 bps QoQ adverse impact) driving further weakness in US$ revenue growth.
BP Equities is bullish on Infinite Computer and has recommended buy rating on the stock with a target price of Rs 168 in its May 25, 2012 research report.